Required Hearing Notice for Tax Rate
2023 PROPOSED TAX RATE
SEPTEMBER 19, 2023
SHELBY COUNTY COURTHOUSE
501 MAIN STREET
The Shelby County Fiscal Court will have a public hearing on September 19, 2023, at
10:00 a.m. at the Shelby County Courthouse for the purpose of obtaining comments from the public regarding the proposed tax rate.
The tax rate levied last year was 0.101 and produced revenues in the amount of $4,295,634.61.
This year's compensating rate is 0.097 and will produce revenues in the amount of $4,576,129.00.
The Shelby County Fiscal Court proposes a tax rate of .100 which will produce a total of $4,717,659.00 in revenues.
Revenue expected from new property is $422,024.
Revenue expected from personal property is $621,439.
Revenue expected from motor vehicle is $920,813.
And revenue expected from watercraft is $22,148.
Revenue received in excess of last year's revenue will be used for General government expenditures.
The Kentucky General Assembly requires that the Shelby County Fiscal Court publish this notice with the above information contained herein.